MPS Loria Financial Planners LLC Invests $3.74 Million in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

MPS Loria Financial Planners LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 71,721 shares of the company’s stock, valued at approximately $3,741,000. Schwab U.S. TIPS ETF makes up about 1.3% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also added to or reduced their stakes in the business. Friedenthal Financial lifted its position in Schwab U.S. TIPS ETF by 0.8% in the 4th quarter. Friedenthal Financial now owns 25,747 shares of the company’s stock valued at $1,344,000 after acquiring an additional 193 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF by 2.2% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,497 shares of the company’s stock worth $600,000 after buying an additional 252 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF by 1.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 17,251 shares of the company’s stock worth $901,000 after buying an additional 270 shares in the last quarter. Security Financial Services INC. lifted its position in shares of Schwab U.S. TIPS ETF by 1.5% during the 4th quarter. Security Financial Services INC. now owns 20,258 shares of the company’s stock worth $1,057,000 after buying an additional 303 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Schwab U.S. TIPS ETF by 24.1% during the 4th quarter. CWM LLC now owns 2,226 shares of the company’s stock worth $116,000 after buying an additional 432 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock traded down $0.18 during mid-day trading on Friday, hitting $52.01. 759,016 shares of the stock were exchanged, compared to its average volume of 1,285,393. Schwab U.S. TIPS ETF has a 12 month low of $49.50 and a 12 month high of $52.71. The company has a 50-day simple moving average of $51.76 and a 200 day simple moving average of $51.84.

Schwab U.S. TIPS ETF Profile

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.